Spend Foundation: Spendcoin Governance Model

Spendcoins were created by the Spend Foundation to be used as an access point of services within the Spend ecosystem of products. Today, we are introducing a new token governance model that will pave the road for Spendcoin decentralization. Spendcoins are evenly distributed, with 50% for the users of Spend’s ecosystem of products and the other 50% for Spend Foundation, Spend, Advisors and Founders. For a more detailed breakdown, please visit: http://spendcoin.org/services/distribution/.

We are currently working with CertiK, a leader in blockchain smart contract verifications, to vet our new Time Lock Smart Contracts, which will be governed by code. We plan to place any token inflation based allocation into this time locked contract.

Spend Company Allocation

Current Address: 0xe8837aa3731b9bcba29ade0d2c84e03167d2dc67

Upon completion of the CertiK audits on our Time Lock Smart Contract, the tokens will be placed into said contract, where only 2,500,000 SPND will be dispersed monthly, resuming May, 2019.

Please Note: Token dispersement does not necessarily equate to the sale of tokens. Token dispersement only defines that the respective parties will gain access to said tokens.

Spend Foundation Allocation

Current Address:0xD3babb884B9CF4579DB1Ab1A2F437Aa96A5Fd37c

Upon completion of the CertiK audit on our Time Lock Smart Contract, these tokens will be placed into said contract, where only 4,583,333 SPND will be dispersed monthly, beginning September, 2019.

Please Note: Token dispersement does not necessarily equate to the sale of tokens. Token dispersement only defines that the respective parties will gain access to said tokens.

Spend Advisor & Founders Allocation

Current Address: 0xa0bc1ad4679b7c5a74b43101b9bf3157eb6f9aec

Upon completion of the CertiK audit on our Time Lock Smart Contract, these tokens will be placed into said contract, where only 50,000,000 SPND will be released annually, beginning September, 2019.

Please Note: Token dispersement does not necessarily equate to the sale of tokens. Token dispersement only defines that the respective parties will gain access to said tokens.

With this new governance model, the Spend team has opted NOT to receive the April allocation and instead begin in May. By this time, all Spendcoins will be in appropriate Time Lock Smart Contracts that may be viewed publicly.

For transparency, we have itemized the addresses below in respect to Spend Foundation’s Plan of Distribution (PoD), which become available through the various programs listed below.